NEW YORK ( TheStreet) -- Aircastle (NYSE: AYR) hit a new 52-week high Friday as it is currently trading at $14.50, above its previous 52-week high of $14.41 with 58,843 shares traded as of 10:09 a.m. ET. Average volume has been 446,600 shares over the past 30 days. Aircastle has a market cap of $1.03 billion and is part of the services sector and diversified services industry. Shares are up 11.6% year to date as of the close of trading on Thursday. Aircastle Limited, through its subsidiaries, engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide. The company has a P/E ratio of 10.1, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Aircastle as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Aircastle Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.